X Money ‘external beta’ will go live in 1-2 months, Musk says

In a recent announcement, billionaire entrepreneur Elon Musk disclosed that X Money, the financial component of his ambitious “everything app” strategy, is set to enter an external beta phase within the next one to two months. This development marks a significant step in Musk's vision to integrate various services into a singular platform under the X brand, which encompasses social media, payments, and more.

The forthcoming beta launch will initially be limited in scope, allowing for a controlled rollout to a select group of users. This approach is designed to gather user feedback and fine-tune the app's functionality before a broader global release. Musk's plan aims to create an all-encompassing application that combines aspects of social networking with financial transactions, which he believes will enhance user engagement and create a more seamless experience.

This initiative comes as part of Musk's ongoing efforts to expand the capabilities of X, formerly known as Twitter. Since acquiring the platform, he has introduced various features aimed at transforming it into a multifunctional hub. The introduction of X Money is expected to facilitate peer-to-peer payments, making financial transactions straightforward within the app.

While specific details about X Money's features and functionalities remain limited, the anticipation surrounding its beta release indicates a growing interest in its potential. Musk's track record with innovative technology solutions adds credibility to the project, and many are eager to see how it will evolve.

As digital payments continue to gain traction globally, X Money could position itself as a significant player in the competitive fintech landscape. Musk's ambitious vision could reshape how users interact with both social media and financial services, making this upcoming beta launch a pivotal moment for X and its future offerings.

Key Takeaways

Elon Musk announced that X Money will launch in external beta within the next 1-2 months.
The beta phase will have limited availability to gather user feedback before a broader rollout.
X Money is part of Musk's strategy to create an all-in-one application integrating social media and financial services.
The move reflects the growing importance of digital payments and their integration into everyday applications.

This article was inspired by reporting from CoinTelegraph. · Report an issue